The Fair Share Report

52 Central Ave

Dover, NJ 07801

The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.

Step 1 · Market value

≈ $477,819

Likely range $467,105 – $538,937, from 12 comparable Dover sales in the past 18 months, at this home's 1,600 sq ft.

Step 2 · The Director's Ratio

61.38%

The state's official measure of how far Dover assessments sit below market value — republished every October, applied town-wide. A $477,819 home should be assessed near $293,285.

Step 3 · Assessed value

$225,500

Set at the last town-wide revaluation and mostly frozen since. That's $67,785 below what the ratio math suggests (23.1%).

Step 4 · The tax rate — same for every Dover home

$3.489 per $100 assessed

$1.500 Schools · 43% $0.346 County · 10% $1.643 Town · 47%

This home's own bill implies $3.268 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$7,370/yr
Public schools$3,169
Morris County$731
Town of Dover$3,471
Dover average$8,409

This home vs. every recent Dover sale · assessed ÷ market

Town median 48.4%
This home · 47.2%

33%76%

Paying about right

This home's ratio lands inside Dover's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
101 HARDING AVE2025-01$460,0001,56247.9%
51 KING ST2025-11$460,0001,48543.8%
94BAKER AVE2025-01$470,0001,60254.1%
42 BAKER AVE2025-09$545,0001,61852.8%
97 W CLINTON ST2025-11$380,0001,59652.7%
78 JAMES ST2025-12$549,9001,75049.1%
33-35 GRANT ST2025-07$434,7001,48949.0%
179 PEQUANNOCK ST2026-04$540,0001,46844.8%
38 E DICKERSON ST2026-05$435,0001,62547.2%
9 CHRISTOPHER ST2025-04$545,0001,47745.7%
8 LINCOLN AVE2025-01$420,0001,53842.1%
8 N ELK AVE2026-04$482,0001,61457.5%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →